17-10a05.   Same; vesting of title to property; past obligations.When such conversion becomes effective as hereinbefore provided, all theproperty of such association, both real and personal, shall immediately byoperation of law and without conveyance or transfer of any kind orcharacter, be vested in such converted association: Provided, however,That such converted association shall continue responsible for all of theobligations of the association prior to the conversion.

      History:   L. 1935, ch. 134, § 2; May 15.